Coinbase has applied to the CFTC to launch XRP futures, which is expected to significantly affect trading volumes and asset volatility.
Launch of XRP Futures
Coinbase has submitted an application to the Commodity Futures Trading Commission (CFTC) for the launch of XRP futures, which are scheduled to be activated on April 21, 2025. This move is anticipated to considerably alter trading patterns in the cryptocurrency market.
Impact on XRP Market
XRP futures are expected to lead to changes in trading volumes and potentially increased price volatility. Previous experiences with futures for assets like Bitcoin and Ethereum have similarly shown significant impacts on prices and trading speed.
Current XRP Metrics and Forecasts
According to CoinMarketCap data, XRP is currently priced at $2.12, with a market cap of $123.52 billion, constituting 4.62% of the total market. Over the past 24 hours, its price has risen by 5.64%, despite a 23.48% drop in trading volume. The circulating supply is currently 58.27 billion of a maximum 100 billion tokens.
The launch of XRP futures marks a significant step for Coinbase and could substantially change the market, increasing investor interest in this asset.
